specially lot size is important in binary option ..
Good luck
Good luck
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DislikedWell you just can't catch them all! I was busy with my day job and missed this awesome setup. 3 trades I would've taken, all would've been winners! As it is I took 2 trades early on, both winners for 4% gain {image}Ignored
Disliked{quote} Could you point out where your entry would have been on this chart....please.Good work so far by the way. Been looking at some options setups myself....can post some here next week maybe, if have time.Ignored
DislikedHello dbeach777 Can I just ask you one question? You have been trading forex on and off for 20 years. What do you think is the main reason why you don't have a nice, fat account balance and ready for your grand retirement by now? Stay safeIgnored
QuoteDislikedGood Question SophieFX. I'd have to say the number one reason would be psychological and that I hadn't mastered my Emotions. Its still a work in progress.
2nd Reason would be Trading Capital. I think its important to Trade a large enough account that you can trade safe and not have the Make or Break attitude, because it'll only be a matter of time before the "Break"
Disliked{quote} I think you are absolutely right. If you read your 1st post, you have a lot of emotional descriptions like hope and needs. And the binary options market is basically a massive bombardment of your brains reward center that reinforces your need and desire to take risk and do it often. When you get a profit, it is not nearly as rewarding as taking the next big martingale position. I know it takes effort and discipline to break bad habits, especially trading habits as they are psychologically founded, but you come across as a quite experienced...Ignored
Disliked{quote} 1. You must be very precise to trade your strategy, therefore you are subject to head fake after head fake.Ignored
Disliked{quote} 2. You are interested in fast trading, indicating you have battle fatigue and are leery about every trade.Ignored
Disliked3. You are trading binary options which feels to me like trying to guess who is holding the ball at 1246 PM. You are just betting black or red, and if you lose, doubling up on the assumption you will not lose twice in a row. To me, it is pure gambling and that is very stressful because you have NO idea what is going to happen. No edge. You should ask yourself if you are addicted to action or profit? Action, without probability, is just gambling. Those large casino towns were built on gambling. Just an opinion. I prefer an edge, so I am obviously...Ignored
DislikedThanks for your reply before explaining your entry on the Aud usd chart. Here is what I am trying : Time : Frankfurt open and after to London open, stop looking for trades after about 1 hour after London opens. Chart : M1 and M5 Currencies : eurjpy and gbpjpy The price is good at bouncing off levels at this time so I look for a level that is offering resistance and try to strike a good price off it. The eurjpy chart shows a bounce off the level ( Red Arrow ) I wait for the 5 min bar to show a good wick then close. The next time price touches near...Ignored